Builders + Backers, a distributed venture studio that partners with thousands of builders to fuel experiments and then fund, support and scale the ideas that work, has announced the addition of Chattanooga’s Jonathan Bragdon to its growing leadership team.
The Chattanooga native is Managing Partner at Capacity Capital and Founding Partner and Chief Executive Officer (CEO) of closely aligned Capacity. He will continue in those roles while expanding Builders + Backers’ funding capabilities beyond traditional equity investments, creating a full stack of funding options to radically increase access to capital for fast-growing companies.
More than 70 percent of Capacity’s portfolio companies have women-, minority-, or veteran-led founders and are in locations not typically served well by venture funding. Prior to launching Capacity, Bragdon (pictured right) founded/co-founded eight companies and invested in dozens of others. We spotlighted his most recent efforts in this May 2021 teknovation.biz article.
“While venture capital is the right type of capital for some startups, there are vast opportunities for growing businesses through other forms of funding as well,” said Donna Harris, Founder and CEO of Builders + Backers. “I’m thrilled Jonathan will be spearheading the expansion of the range of capital we can deploy to promising early- and growth-stage ventures and offer our investor networks even more ways to back founders and generate returns.”
Bragdon echoed her comments in this news release.
“Many founders are focused squarely on getting that first investment check, so for years I’ve helped pinpoint and secure funding that best suits the business they intend to create,” he said. “I’m excited to build out this unique capability at a global scale with Donna and the Builders + Backers team. This is how we create the greatest opportunity for exponentially more Builders to generate sustainable value for themselves, their communities, and their investors.”